BoE to maintain policy steady in next week’s meeting – RBS

FXStreet (Barcelona) – Brian Daingerfield, FX Trading Strategist at RBS, expects the BoE’s policy meeting next week to result in no change in rates, but suggests keeping an eye on the minutes to be release later this month.

Key Quotes

“The Bank of England is likely to leave policy unchanged at its July meeting next week. No change in interest rates normally means that the MPC does not release a post-decision statement. Focus may quickly turn to the MPC’s July minutes, due July 22nd, as the more hawkish tone from some MPC members increases the risk that at least one member votes for a rate hike in July.”

Brian Daingerfield, FX Trading Strategist at RBS, expects the BoE’s policy meeting next week to result in no change in rates, but suggests keeping an eye on the minutes to be release later this month.

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